Tennessee Titans wide receiver Rishard Matthews has agreed to a one-year contract extension through the 2019 season, the team announced Tuesday.
While the Titans did not divulge the financial terms of the deal, ESPN's Field Yates reported that the extension is a team option with a base value of $7.75 million for the 2019 campaign.
Matthews, who was set to become a free agent after this season, is currently on the physically unable to perform list with an undisclosed injury. Per Yates, Matthews has $875,000 available in per-game roster bonuses in 2018 and $500,000 in additional incentives added to the $850,000 that were already included in his contract.
The Titans must decide upon the 2019 option by the third-to-last day of the 2018 league year, which would include paying Matthews an option bonus of $3.25 million. If exercised, Matthews' base salary for the 2019 league year is set to be $4.5 million.
Matthews recorded 53 receptions for 795 yards and four touchdowns in 14 games last season, his second with the Titans. He posted career highs in catches (65), yards (945) and touchdowns (nine) in 2016.
The 28-year-old Matthews collected 225 receptions for 3,136 yards and 21 scores in 79 career contests since being selected by the Miami Dolphins in the seventh round of the 2012 NFL Draft.
Also on Tuesday, the Titans signed linebackers Deontae Skinner, Jeff Knox and Nyles Morgan and waived linebackers Brandon Chubb and Davond Dade as well as offensive lineman Matthew Diaz.
Skinner has recorded 13 tackles and one sack in 14 career games with the New England Patriots, Philadelphia Eagles, New York Giants and Oakland Raiders.
Knox has spent time with the Washington Redskins and Tampa Bay Buccaneers as well as with the Saskatchewan Roughriders of the Canadian Football League.
Morgan collected 250 tackles and six sacks in 50 career games with Notre Dame before having a short stint with the Chicago Bears this offseason.